Our nephew is buying a newly built flat in Marsden with a mortgage from Kent Reliance. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are purchasing a house in Marsden. I might seem paranoid but how we can trust a conveyancer? At some point we will need to deposit money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Kent Reliance have agreed my mortgage in principle, my bid on a apartment in Marsden has been accepted, what are the next steps?
The property agent will need to be advised as to your lawyer's details (be sure the lawyers are on the lender’s panel). Telephone Kent Reliance or your financial adviser and complete any outstanding forms. Kent Reliance will appoint a valuer who will get in touch with the estate agent or owners to schedule a time for the valuation to happen. Once carried out (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Kent Reliance will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Marsden.
Our sealed bid on a detached house in Marsden has been accepted, the sellers do however have an associated purchase. The owners have offered on a flat, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a local conveyancing solicitor in Marsden. What should be my next step? When should I get the mortgage application with Leeds Building Society going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, Marsden conveyancing search fees, etc). The first thing to do is ensure that your conveyancing practitioner is on the Leeds Building Society approved list. Regarding the subsequent steps this very much depends on the circumstances of your case, motivation for this property and on the state of the market. During a rising market many purchasers will apply for a home loan with Leeds Building Society and arrange for the valuation and only if it comes back ok would they pay their solicitor to move forward with the conveyancing in Marsden.
How does conveyancing in Marsden differ for newly converted properties?
Most buyers of new build property in Marsden approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Marsden tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Marsden or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Marsden is the location of the property. Can you offer any advice?
Flying freeholds in Marsden are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Marsden you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marsden may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Are there any apps to assist me to locate a Marsden solicitor on the Accord Mortgages Ltd conveyancing panel? I have a car and am prepared to travel upto 10miles to meet the conveyancer.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of Marsden conveyancing lawyers based on proximity. We have listed some Marsden conveyancing firms towards the end of this page and you can ring them to check if they are on the Accord Mortgages Ltd approved list
My husband and I are new to the buying process - had an offer accepted, but the estate agent informed us that the owners will only go ahead if we use the agent's recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is accustomed to conveyancing in Marsden
It is improbable the sellers are driving this. If they desire ‘a quick sale', turning down a motivated purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you are going to use your own,trusted Marsden conveyancing lawyers - not the ones that will earn their estate agent a commission or hit his conveyancing thresholds set by head office.